Regulation Reference | Program Term | Certification Process | Eligibility Requirements | Benefits | ||||||
---|---|---|---|---|---|---|---|---|---|---|
8(a) 13 CFR 124 | 9 years | Electronic application and supporting documents via certify.sba.gov | - Must be a small business - Must be unconditionally owned and controlled by one or more socially and economically disadvantaged individuals who are of good character and citizens of the U.S. - Must demonstrate potential for success - Initially, the individual's net worth, after excluding the individual's equity in the firm and the equity in the primary residence, may not exceed $850,000. SBA will also consider the individual's adjusted gross income over last 3 years <$400,000, fair market value of all assets <$6,5 million, access to credit and capital, and the financial condition of the applicant firm in evaluating economic disadvantage. | - Sole-source and competitive contracting opportunities - Mentor Protégé / Joint Ventures | ||||||
HUBZone 13 CFR 126 | No program timeline - Continued program compliance | Formal electronic application via General Login System | - Must be a small business - Principal office must be located in HUBZone - Must be owned and controlled by one or more U.S. citizens - 35% of employees must reside in HUBZone | - Restricted bidding opportunities (competitive, sole-source) - 10% price evaluation preference on full and open contracts - Mentor Protégé / Joint Ventures | ||||||
Women-Owned Small Business (WOSB) 13 CFR 127 | No program timeline - Continued program compliance | Formal certification by SBA via beta.certify.sba.gov | - At least 51% directly owned and controlled by one or more women that are US citizens - Must qualify as a small business for primary industry NAICS - Woman must highest officer position and manage firm on full-time basis and make long-term decisions -EDWOSB eligibility: personal net worth <$850,000, adjusted gross income over last 3 years <$400,000 and fair market value of all assets <$6.5 million | - Sole-source and competitive contracting opportunities - Mentor Protégé / Joint Ventures | ||||||